Arkansas is a state located in the southern region of the United States where payday loans are legal. Arkansas Payday Loans are regulated by the law which prevents borrowers from becoming victim to this vicious lending. The Arkansas Payday Loans states that the amount of the loan, the amount of finance charge that will be assessed against you and the annual percentage rate (APR) of the loan must be conspicuously displayed on the contract/agreement you will sign.

There are also strict laws in Arkansas that deal with the lender fees that borrowers are charged for services that are rendered. The state's constitution prohibits any loan with an interest rate above 17%.

Another law states to post list of acceptable identification at each checkout. Arkansas Payday Loans are quite common form of borrowing money. They are for relatively small amounts, usually $100 to $500.
The borrower is not subject to criminal prosecution for failing to repay a loan, but is subject to civil remedies.